Intermittent demand forecasting for spare parts: A Critical review

Spare parts demand forecasting has received considerable attention over the last fifty years as it is a challenging problem for many companies. This paper provides a critical review and quantitative analysis of the current literature on spare parts demand forecasting methods. First, we describe how different research streams in the literature have developed over time and review each stream extensively. Then, by gleaning information from the available studies, we carry out a quantitative analysis to provide granular insights into why and when a particular forecasting method should be preferred. (C) 2021 The Authors. Published by Elsevier Ltd.

Automated summary

Forecasting spare parts demand has been a challenging issue for many companies, and has received considerable attention over the past fifty years. This paper provides a critical review and quantitative analysis of current literature on spare parts demand forecasting methods, offering detailed insights into when and why particular forecasting methods should be preferred.